Question:Relatively low cost access to new markets; easy access to local capital markets; sharing risks; and being able to use existing local expertise and infrastructure are some of the main advantages of which means of establishing an overseas business interest?
  A. Branch
  B. Licensing contract
  C. Joint Venture
  D. Subsidiary
  The correct answer is: Joint Venture.
  解析The main advantages of overseas expansion through a joint venture arrangement are:
  Relatively low cost access to new markets
  Relatively easy access to local capital markets, possibly with accompanying tax incentives or grants
  Use of joint venture partner's existing management expertise, local knowledge, distribution network, technology, brands, patents and marketing
  Sharing of risks
  Sharing of costs, providing economies of scale
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